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tv   Real Money With Ali Velshi  Al Jazeera  June 24, 2014 2:00am-3:01am EDT

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and abroad. >> people everywhere have certain things in common that are actually much greater than their differences. >> every saturday, join us for exclusive, revealing and surprising talks with the most interesting people of our time. talk to al jazeera, saturday, 5 eastern. only on al jazeera america. ♪ >> the insurgents threatening to take over much of iraq few in number, but relatively rich. also the brand new number 2 in the house could pull the plug on a program that helps small and big american businesses sell their products overseas. plus the small gadget con received of by a surfing that is
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about to go public and could fetch billions. "real money." ♪ >> this is "real money," you are the most important part of the show, tell me what is on your mind by tweeting me or hitting me up on facebook. sunny insurgenths lead by isel seized two more border crossings, including one on the border of syria and the border of jordan. iraqis fled both posts in panic. isil has now cemented its hold. it started off as an al-qaeda-inspired terrorist
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group, but has morphed into a regional insurgent force that now has de facto control from the outskirts of bagdad all the way to the outskirts of aleppo. isil is believed to have amassed a $2 billion war chest. it is estimated it generates some $8 million a year from extortion rackets and border tolls. it brings in $2.5 million a month from randsomes, and rakes in about $1.7 million a month from oil sales to syrian and turkish oil brokers. when you take that all together, it's a lot of money, but last week it scored big when it looted the banker vaults in a captured city. it uses all of the money it generates to fund attacks, pay
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fighters, purchase weapons and buy the loyalty of the people in the areas they seize. but it took seed money. a big chunk of that probably came from individual donors who were funding fighters in syria. private donors are said to have funneled hundreds of millions of dollars into syria. much of that got into the hands of isil. patricia sabga has this report. >> reporter: iraqi troops fighting for control 60 miles north of bagdad, trying to stem the relentless on slot of isil, a group some believe to be the richest group in the world. >> i think their accounts have grown substantially above any other group.
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>> reporter: isil tops multiple funding elements, like an estimated $425 million. other spoils include captured oil fields in syria, and iraq's main domestic oil refinery. it is well positioned to control, thanks to the capture of two more key border positions over the weekend. >> it gives them the opportunity to impede access to people in goods or services that adversa adversaries need. >> reporter: they also extort money in its areas of control. the insurgents have also benefited from the largest of donors in gulf states including
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saudi arabia, qatar, queue wait, and others. >> they think they are in some zero sum gain against the iranians, and they are do anything they can to keep iranians out. >> reporter: the united states has pressured gulf countries to crack do you know on private funders of isil, a task some believe will become more difficult as the group continues to make strides in iraq. >> with these latest advances, i think you are probably going to see an increase in funding from individual donors in the gulf. and the reason because winners attract money and people. >> reporter: jazeera. >> you will hear reference to isil, and isis. the washington institute started off as a spinoff of the powerful pro lobying group, aipac, and
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now is one of the most influential foreign policy think tanks in washington. us. >> my pleasure. >> this is complicated thing to understand. why is it that allies of the west when we talk about queue wait, or qatar, the arab gulf states, or saudi arabia, why would they be allowing these contributions to isil. >> well, the assad regime which is backed by iran has been population. so that has attracted a lot of money from those that are suffering the most, the sunni population. over time that on slot
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continued. and western intervention did not occur. instead of lot of money went to jihadist groups. early on, one of those groups isis, and it has taken offer into the force we see today. >> something is working well, it's almost a proxy battle. these folks that funded isis not see this coming? >> i think they understood that these groups wanted to better low sunnis. they were fighting against the assad regime and pressuring the maliki program as well. i don't know that anyone thought they would get off of the ground that they have said, in which they have become this sustainable haven for
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groups. >> they are taking on a military -- albeit one that hasn't executed itself very well, but a military that was trained and armed by the united states. this is not something that -- a popular movement ends up doing. so without this source of funding, which i just described, would they be as powerful as they are, and would they get pushed back by iraq e eye-- iraqi forces if they didn't have this money? >> no. what we see in iraq and syria is with more influence comes more rigidity and less influence. and that's part of the struggle going on and the major political struggle with the war. >> so when you think of what to
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do, doesn't it seem like as much effort could go into talking to u.s. allies and saying hey, funding? >> that's true, but the issue of rallying groups against these isis and other jihadist groups is they control a lot of territory. there are other sunni groups which fight alongside of them. they are overall concerned about the wherewithal of their fellow sunni belligerents. so we have to wait and see what happens in the coming weeks and if the assad regime recoils from iraq. >> let's talk about the border crossings. they are major roads used for trade into iraq.
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does this -- does this enrich isil by having these border crossings? >> well, it does. and if syria's neighbors and iraq's neighbors do not patrol their borders, and that's where it would come down to turkey and jordan to make sure that nothing goes across from the other side, but it's another sign that isis is controlling more territory. >> let's talk about these private donors from these states who are allied to the united states who might be supporting isil, and we mean this is not government money. >> right. actually many of the arab gulf states including kuwait, have put into place a lot of restrictions now on transfers, and they have -- actually in places like saudi arabia have
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criminalized this kind of support, and that has lead to a state clamp down. but private individuals in the gulf are very rich. they keep a lot of money offshore, so it's unclear how much money is getting through, and where it's going, but what we do see at the moment is isis has enough financing to expand its scope of territory. >> andrew thank you very much for joining us. the author of "in the lion's den." a program that helps american businesses sell their goods overseas could be on the chopping block in congress. i'll tell you how that could effect everything from airplanes to pickles. that and more and "real money" keep it here.
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>> hundreds of days in detention. >> al jazeera rejects all the charges and demands immediate release. >> thousands calling for their freedom. >> it's a clear violation of their human rights. if i told you that a free ten-second test could mean less waiting for things like security backups and file downloads you'd take that test, right?
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♪ i'm going to dive now into a story that beneath the surface involves the u.s. job market, the strength of the american manufacturing center, and a battle brewing within the republican party of what some call crony capitolism. it also involves the export-import bank. the next majority leader of the house wants to stop funding a federal agency that helps u.s. manufacturers boost their exports and in theory boost jobs. he says he is against reauthorizing the export-import bank. the xm bank helps offer various forms of financial assistance. that includes making and guaranteeing loans to overseas
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businesses that purchase products made by american companies. and sells credit insurance to u.s. companies in case their customers don't pay them. now last year, the x-m bank approved $27 billion in aid to support exports estimated at $37 billion. and says it earned more than a billion dollars for u.s. taxpayers. but critics say the aid it provides amounts to corporate welfare that mainly benefits big u.s. corporations and puts taxpayers at risk. the bank charters comes up for reauthorization in september, and the x-m bank have removed several sup -- directors in recent months.
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and by the way that's kevin mccarthy who has been over my shoulders for the last few minutes. the issue will be debated in senate on wednesday. one of the people who will be there is jenny fulton, the cofounder of miss ginny's pickle pickles. miss jennies pays a fee for credit insurance offered by the bank that protects the company from taking a loss if the company doesn't pay its bills. jenny joins me now from her home in north carolina. great to see you again. i -- you and i touched on this a little bit when we first met, but i didn't realize the role that the export-import bank plays in your business. tell me how you got into exporting and how this allowed you to do so. >> thanks for having me back. it's an honor and
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a pleasure. basically our exporting experience is through the north carolina agriculture department and north carolina exporting that has a partnership with the x-m bank. and the agricultural department introduces us to buyers. we meet with the buyers, and take their application to the bank, who will approve them after doing due diligence, and they offer me the ability to offer my client in china or canada terms. so you can increase your terms. so it's vital to my business. >> i'm going to talk to my next guest about the argument that some are making that might be a fine system, but the private sector can do this themselves.
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but -- could you go to a bank to replace the terms that you offer to your british or canadian or chinese clients? >> no, sir, we cannot. and we have discussed that with our north carolina banking partners, and that is an area they are not interested in, nor do they care to fund. so without the x-m bank we would not be able to do that. and i think that's why the north carolina banks don't get into their area, because they don't understand the value. without the x-m bank, i wouldn't have the comfort level as well as the means to do this. we're very small, but we're very pickles. >> people do need your pickles. it's 12% of your business, and that's not insignificant. you have america to sell to, but you have other countries that
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are growing and like you said, need your pickles. so you would have to refocus on the american market and forget some of these other export markets. >> absolutely. and we don't have the slotting fees that we pay in america. and slotting fees are thousands of dollars. so it's so much more important for me to export, because there are not a lot of pickle companies exporting. and it's a niche market. and we pay a fee. this is not a handout to us. this is not a free service. so, again, i can't go to any north carolina bank or even a u.s. bank and get the same benefit i'm finding. it's crucial to our success. >> thank you for joining us. we're going to get some of that north carolina goodness from you one of these days. >> joan
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o'sarah has been closely following this debate. his next column says the u.s. chamber of commence and the u.s. manufacturers held a conference today to get congress to take up the reauthorization of the x-m bank. joe this is routine. this bank gets reauthorized routinely every few years. >> that's exactly right. two years ago was the first time it was even mildly controversial. and eric cantor pushed it through. so who new it was going to lose, and who knew his successful would say -- >> and he made this comment -- this weekend, and it kind of caught a lot of people off guard. why are you even talking about this? why has this been
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elevated to this level? >> it has become a dividing line for the ultra conservatives for the tea party. here is something they can actually do by not doing anything. >> right. because to reauthorize it will take some work. >> that's right. it. >> which congress is good at. successes. >> right. >> they see this thing that is within their grasp and they have made it their cause, really. it seems unbelievable for an agency that has done a lot of good, i think, and has been, as i said up until two years ago complete i will uncontroversial. >> we'll leave the corporate welfare side, aside for a second. that's why i brought on jenny. she is no bowing or gm. she is a small pickle maker from north carolina who managed to
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get 12% of her business -- because she is right. she is not going to get a loan to finance her chinese operations from a bank in carolina. >> the vast majority of exporting companies are small to medium sized. the vast majority of the dollar amounts are large companies. so in the case of the export-import bank they helped 3,400 small companies, and maybe a dozen large companies. export credit is a crucial part of selling airplanes. airbus has expert credit agencies in europe helping them. and without our help, the ethiopian airlines would be bowings. >> and in 2012 delta got involved, and said why are you helping our
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competitors by these plains. >> delta started the whole thing. it was delta trying to get the export-import bank to stop guaranteeing loans that -- to buy aircraft from boeing. so what happened was it kind of got away from delta and just became this skauz. >> at this point -- this is kind of interesting, kevin mccarthy, we're all speculating what this guy was going to be like. and there was some surprise. is some danger that this reauthorized. >> that's right. the head of the house financial services committee is absolutely, positively dead set against the export-import bank, and speaker john boehner said he is not going to interfere. so this could not even -- this may not even get a floor vote.
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>> are there going to be real jobs affected in america if this is not renewed? >> absolutely. all of these small companies that are expanding or growing abroad are adding jobs, and the mantra of the export-import bank, really is about jobs. they don't really -- they don't worry about who they are lending to as long as it is adding american jobs. >> thank you for joining us. you can read joe's new column on the "new york times".com. immigration reform is all but dead in congress right now. but it doesn't have to be. plus it's not your father's camera, but i tell you why your >> on tech know, >> the system is paying attention... >> life saving technology... >> i definitely slowed down as a result...
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>> transforming the way you drive... >> maybe crashes won't happen any more... >> smart cars of the future... >> whoa...i would have driven straight through that... >> tech know, every saturday go where science meets humanity. >> this is some of the best driving i've every done, even though i can't see. >> tech know. >> we're here in the vortex. only on al jazeera america.
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♪ every year the united states allows about 1 million immigrants to become permanent residents. they get green cards, giving them the right to live and work in the country permanently. about two thirds of these folks get cards because of having relatives. or job skills. but there is another way. one that some say allows wealthy america. while it's growing in popularity, the program has got its critics. in
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2010, rapper and entrepreneur jay-z joined his partners to break ground on barclay center. the project was funded through program. >> the eb 5 allows folks from all over the globe to come and participate in one of these most exciting developments in our country's history. >> for just half a million dollars, wealthy foreign nationals can get a two-year visa, in exchange for investing in u.s. government approved projects. the temporary visa becomes permanent if the investor can prove his or her capital helped create at least ten u.s. jobs and they are almost always successful. the green cards are granted about 95% of the time. >> the chinese for example, are very concerned about government
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instability, political upheavals, and of course education. education is paramount. so the chinese will often just get the green card simply as an insurance factor. >> the u.s. citizens and immigration services issued 800 eb 5 visas in 2007. that number skyrocketed in 2012. with the majority going to chinese investors. critics charge the program allowed wealthy foreign nationals to simply buy a green card, bypassing the year's long process that most immigrants face. even advocates acknowledge for some eb 5 investors profitable isn't their main concern. meantime these investments are a winfall for project developers.
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>> projects are utilizing the money where bank financing is either not available or only available at a very high cost. eb 5 is coming in at 0% or 1%. >> a vermont ski resort, a broadway theater. even major hollywood studios. these are the businesses vying for these loans. it is estimated it created 57,000 u.s. jobs, but detailed data is scarce. >> one of the problems is we don't have a lot of information on how it works, and successes of the program. we do have a lot of information on the failures, including fraud and corruption. >> reporter: in december iowa senator, charles grassley fired off a letter to the department
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of homeland security. his concern, terrorism? he questioned that two eb 5 participants were involved in an inlegal procurement network . . . homeland security offered no public response, but in a report released in late december, the department was highly critical of the eb 5 operation. whatever the risk, foreign interest is only growing, with a rechord 7,000 applications waiting. prospects grew even dimmer two weeks ago after the defeat of eric cantor who supported modest immigration reform. our next guest says reform is never going to happen anyway. he says middle america doesn't
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like the idea of amnesty for immigrants. you say granting citizenship to illegals is a non-starter. do you believe that? >> ali, immigration reform could happen if we debated legislation point by point. like this eb 5 program is awful. it should require that the person that comes here works for the company they claim to be funding. it's a flawed program. we're trying to lump everything int called together. and the poison pill in that is the citizenship for the undocumented. we're not talking about legalizing them. most americans -- if we said, look, these people are here with their families, now they want to pay taxes, people would be happy to have them stay.
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what the democrats demanded is they must get citizenship, so they can vote for us when they get citizenship, as a condition to comprehensive -- that's the poison pill in this legislation. >> let me ask you this. you like the idea that if people want to start up a business in the united states, and they are not from here, there should be a way to do that. >> yes. the eb 5 should be a place for start-up businesses. if i wanted to start a business, and i want to employ at least five americans i should be allowed to stay here. that's good for the country. however, when we have flawed programs like this, which allow the rich to buy their way in, and open the door to all sorts of other abuse, no one wants that.
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and yet we're trying to get this massive comprehensive immigration reform done because that's what the democrats want, and that's what we have been fighting for. >> comprehensive anything country. >> exactly. there is this business of skilled workers who come into the united states, there aren't enough of them. everybody in your neck of the world complains about. what doesn't anything get done about h1 b visas and skilled workers? >> well, what everyone is worried -- not everyone -- what these people are worried about, is the majority of americans will agree to let's say the dream act. they'll agree to some form of legal skilled immigration.
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they won't agree to the amnesty. so they are holding everything hos hostage. >> you think the next president why? >> because the next president, whether it's a republican or democrat don't have the legacy and hopefully they won't be held hostage by the special interest. the new president will come in with a fresh perspective and negotiate like a more sensible adult. throw the current bill into the garbage about do it point by point. and hopefully do something which is sensible and addresses it issue by issue. >> you have been involved over your career with duke and harvard and stanford. we have the best education system here. why do we even have a skills gap? why are we not being able to
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produce enough sciencists, engineers, and coders that we have to worry about this? >> we produce lots of scientists with one skill. not enough americans are studying computer science. especially women. but the fact is that silicon valley has a severe shortage. people can't move here from the midwest. there is a dire shortage of skilled talent here, and we need all of the brilliant people we can get here, that's one. the second part is, we're marketing to the world. you have got to understand foreign markets, the middle east, asia, south america, you have to understand europe to be able to market to them, to bringing in the best and
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brightest from those countries bringing us a competitive edge, and allows us to build better technology and services, so we can sell to those countries. it's like the nfl, you want to get the best players you can get no matter where they are from. you don't want to say we can only hire from one state, you want to recruit from everywhere. that's what makes america what it is, this fierce competition. >> thank you for joining us. the company behind inspiring athletes to go to the extremes. >> al jazeera america presents the system
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with joe berlinger >> new york city has stop and frisk >> some say these laws help serve and protect... >> we created the atmosphere that the policeman's the bad guy... >> others say these tactics are racist >> discrimination is wrong >> 99 percent of those arrested in drug free school zones... we're not near a school at all! >> are they working? >> this time i'm gonna fight it. >> the system with joe burlinger only on al jazeera america
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well a small camera company is about to get a very big close-up. go-pro. i bet you have got one of these. it is set to go public thursday in a deal that may value the company at $3 billion. since the ceo started the company about a decade ago, just about everybody agrees it makes amazing images. but is it enough? head. >> reporter: whether it's this surfer capturing the view from inside a wave for a commercial, dolphins swimming under water, or a pelican learning to fly, go-pro's wearable cameras have taken people inside an experience, or small places. forbes lists the founder net worth at $1.3 billion. it's a long way from where he
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started in 2004 after his first company failed and he lost $4 million of investor's money. after that loss, he went surfing. >> the irony was in planning this five-month trip around australia and indonesia, i came up with the idea for my business, and then the trip ended up being an r&d trip. >> we used his mother's sewing machine to make the first prototype. by last year, the company's revenue was $986 million. one challenge will be to expand sales to average consumers. >> the company depends on the extreme sports market to drive sales. and i wonder how big that market is looking forward. >> reporter: and while the company gets plenty of exposure through customers uploading their videos, one question will be how can you make money from
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that content? go-pro reported evidence of $235 million in the first two months of this year, that's down from last year. kyle stok is here now to break it down. kyle, i like go-pro. i have always liked it. we in the business often use it. i think it's neat. >>right. >> i never understanding it is so fantastic. >> yeah, they have done a lot of things smart, though. they have been ahead on the marketing front. they have these things in the hands of every extreme athlete that will do something exciting. >> so it has a cool factor. you see extreme athletes, adventurers, using them. $3 billion? >> it's a big value, yeah. what they have now that is great is this ecosystem of stuff that goes with the camera. >> it's a lifestyle. >> right.
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and you can attach it to anything. they give you the whole kit, the battery packs, all of this stuff. but to justify that value, the company has to convince investors, a that it can hit with the regular consumer, and b that it can be a media company. and i like you look at red bull, they have tv events, and sponsor all of these events, and we'll see if go-pro can do that. >> right. what logically do they have to do to make sure investors don't think they are a one-trick pony. >> they talk about they did a gig with i believe it was virgin airlines. they did an in-house video feed to the seat-back camera. they just aren't making money on this stuff yet.
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>> i'm surprised the revenues were lower in the first quarter this year than last year. >> yeah, and some of that is the blocking and tackling of the process of going public. but they are also pouring a bunch of money into r&g. last year their r&d was 12% of sales. but that's competition now, and sony has one too. so they need to stay ahead on tech, and do this media ploy, so it's -- they are trying to pull off a big trick here. >> is any of this having to do with it's a hot time for people to ipo their tech companies? >> absolutely. and they have made a number of smart steps up to this point. they have stayed ahead of the competition.
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a company called contour that skiers loved, and they just didn't get the athletes. >> kyle, good to see you. it's a big part of the middle class american dream, owning a home for your family. if you are looking to buy, i have got the latest numbers to tell you what it is like out there in the housing market. stay with us, you are watching >> saturday, retired senator george mitchell. >> not every problem in the world is an american problem. >> shares his unique perspective on the future of america, home and abroad. >> people everywhere have certain things in common that are actually much greater than their differences. >> every saturday, join us for exclusive, revealing and surprising talks with the most interesting people of our time. talk to al jazeera, saturday, 5 eastern. only on al jazeera america.
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>> this, is what we do. >> al jazeera america. ♪ >> a sign today that the spring home buying season actually involved some healthy home buying. existing home sales rose 4.9% in may compared to april. that's the largest monthly jump since august of 2011. that jump beat economist forecast. it was boosted by big demand for
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single-family homes. this comes amid an improving job market and a slight decline in mortgage rates. but homeownership continues to be difficult for buyers of modest financial means. joining us now to discuss how significant these new housing numbers now is mark vitner, a good friend to our show, thank you for being with us. >> good to be back with you. >> let's talk about this trend. what do you take of the trend? we saw single-family home sales up, we know there are more houses available to buy, so when you take all of the ingredients in this housing report, what does it tell you? >> well, we had a little bit of improvement. it still comes after months of disappointing sales, and we're well behind where we were last year at this time, but things are getting a little bit better. we were a little worried that
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the spring selling season was going to be a total bust. >> last year you told me it's hard for a recovery to kick in to full gear without a bigger contribution from housing. it's hard to conceive of how important this is to the american economy, and how big a part of the recession, the housing bubble was. >> well, we have been growing at about 2% a year since the recession ended five years ago. if you look at where the slack is in the economy, where -- where the under utilized workers are, most of them are displaced workers out of construction or mortgage finance or companies that produce stuff that goes into new housing, and we need to see much more strength in the housing sector than we have seen recently. and i'm not sure we're going to see it this year.
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mortgage rates have gone up a little about .75% from last spring, and home prices are up about 6.5%. when you put it together, mortgage payments are 17% higher today than they were a year ago, and incomes have only risen about 1 to 2%. >> so what is the answer to that. some people are seeing their home prices go up. a lower number of homes under water, and a lower number of foreclosures, but those are those waiting to get back into the housing market or get into it for the first time, and they are once again watching affordability slip away. >> well, we're going to have to see that underwriting standards are going to have to lossen a little bit more, so that the first time home buyers can qualify for that first mortgage. also it's going to take time for
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more of the underwater homeowners to build back equity, and get in a position where it's worth it to put their house on the market. right now, in addition to the close to 20% of the population of home owners that -- that owe more on their home than their home is worth, there is another 10% that lack the necessary equity to sell their home -- >> uh-huh. >> and be able to take some cash house. >> it's a tough one. one of the things we have to think about is these mortgage rates. they have come down a little bit from where they were. what is your general sense of what is going to happen? we heard the fed say no increases about the second or third quarter of 2014, but that doesn't mean your mortgage rates aren't going up. >> no.
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the feds trying to keep long-term interest rates low, by saying they are trying to keep short-term rates low. that will work for a while. but it will probably be a little bit more than 4.5 by the end of the year. >> you said underwriting standards have to lossen up a little bit. where is the magic line where you loosen it up enough that more people can get a mortgage, but not so loose that you end up with what you had in 2008. >> well, we're very far away from where we were in 2008. in 2008, they had extremely liberal documentation standards for income. today the documentation standards are very, very stringent. and a first-time home buyer may
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need to borrow money from their parents. and it's -- for -- and for many companies that won't count as income. a lot of people cannot use that source of funds to qualify to purchase for a home. things like that in the past were -- were -- were fine. that's not what contributed to the housing -- housing bubble and the housing bust. so we probably tightened up on some of these rules a little bit too much. >> mark thank you so much for joining us. well higher home values can make people feel wealthier but can translate into higher property taxes. as part of our ongoing series america's middle class, rebuilding the dream, we have been tracking the ups and downs of three familiar list who are struggling to get heyed. patricia sabga checked in with the sabino family. >> it's another bill that has to
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be paid. but you write it out in disgust. it's just -- you curse under your breath as you do it, but it has to be done. >> reporter: that bill phil sabino is cursing, the property tax on his modest family home in long eye land, new york. >> we moved here in 1998, and now my taxes are $12,000. >> that's roughly 13% of their family income. eye watering compared to the typical american household which pays just over 3%. property taxes have fallen nearly 8.5%. but that's well behind the 27% drop in home value. that means some homeowners may still lower tax bills. >> in some communities property taxes will continue to fall for
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the next year or so. in other communities, we have probably hit bottom. >> reporter: where you live plays a big role in how much you pay. some 18% of home owners in the northeast shell out more than $7,200 in yearly property taxes, compared to roughly 4% in the south. new jersey and new york have the highest property taxes in the nation, in large part because schools in this corner of the country are mostly funded through local taxes. >> reporter: the northeast is different from the rest of the country in that the state governments play a smaller role in the funding of eucation. >> reporter: while they question how much their school administrators are paid, they worry the budget cuts could deprive their kids. >> reporter: they threaten you, if you don't pass the budget, then they'll take away the music and arts program.
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>> reporter: the sabinos have lowered their assessment by challenging it, but their choices are limited says the tax foundation. >> there's unfortunately really only three options, and those are move, downsize, or petition taxes. >> reporter: in the meantime, the sabino's brace for their next property tax bill in july. new york has a modest property tax rebate for households making less than a half a million dollars. it's also one of 33 states with circuit breakers that offer refunds to struggling homeowners. but that only helps folks with incomes below $18,000 a year. coming up three men sentenced to years in prison for
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i think that al jazeera helps connect people in a way they haven't been connected before. it's a new approach to journalism. this is an opportunity for americans to learn something. we need to know what's going on around the world. we need to know what's going on in our back yard and i think al jazeera does just that. al jazeera america gives you the total news experience anytime, anywhere. more on every screen. digital, mobile, social. visit follow @ajam on twitter. and like aljazeera america on facebook for more stories, more access, more conversations. so you don't just stay on top of the news, go deeper and get more perspectives on every issue. al jazeera america.
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>> they are the pioneers of pot, looking to grow legitimate businesses in colorado's now legal recreational marijuana industry. coming up tomorrow, we take a look at the ganja-penuerers. al jazeera america is one of these largest news agencies in the world. over the world the news industry was shaken by sentencing handed down by three of our reporters in egypt. they were all sentenced to between 7 and 10 years in prison. they were convicted of aiding a terrorist group, that's a
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reference to the muslim brotherhood. and broadcasting lies that harmed egypt's national security. al jazeera rejects all charges and maintains the innocence. but they are being singled out by egypt's authorities for political reasons. last year they outlawed the muslim brotherhood. al jazeera's news networks accurately reported that a military coup had reposed egypt's first democratically elected leader. that angered the current leaders. qatar has been a key political and financial back for of the morsi government. al jazeera is based in qatar. the journalists appear to have been targeted because of their connection to qatar.
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the military authorities have also been cracking down on the local press in egypt. reporters with boarders reports that five journalists have been killed and at least 125 have been arbitrarily arrested since last year's coup. egypt's military rulers, in the vast majority of cases, these journalists are guilty of nothing more than just doing their jobs. the criminalizing of journalism is practiced by too many governments who think doing so, helps their cause. it doesn't. it hurts them and all of us. our thoughts tonight are with our colleagues. journalism is not a crime. that's our show for today, i'm ali velshi. thank you for joining us. >> >>
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we are obviously shocked, dismayed, really bewildered by the decision of the court in egypt. australia prime minister says he'll talk to every level of the egyptian government to secure the release of al jazeera journalist peter greste. hello, welcome. you're watching al jazeera live from doha. also in the programme - what's it like for the parents of the gaoled journalists? >> journalism is not a